Unit K

Question 1

Rule 20.1

Answer 1

Client money may only be withdrawn from a client account when it is… (a) to (k)

Question 2

Rule 11

Answer 2

Firms rights not affected: Nothing in these rules deprives you of any recourse or right whether by way of lien, set off, counterclaim, charge or otherwise against money standing to the credit of the client account

Question 3

Rule 13

Answer 3

Client accounts: if you hold or receive client money, you must keep one or more client accounts unless rule 8,9,15, 16

Question 4

Rule 14

Answer 4

Client money must without delay be paid into a client account and must be held in a client account except when the rules provide to the contrary (8,9,15,16,17,19)